D.C. teachers contract paid for through budget cuts, reallocation of funding

Bill Turque:

After nearly five weeks of interagency finger-pointing and discord, District officials announced late Monday that they have found a way to finance the proposed teachers contract, paving the way for a vote by union rank-and-file on the $140 million pact.
Appearing together on the steps of the John A. Wilson Building on Monday evening, Mayor Adrian M. Fenty (D), Schools Chancellor Michelle A. Rhee and District Chief Financial Officer Natwar M. Gandhi said they had devised a $38.8 million package of budget cuts and reallocations to close the $10.7 million funding gap in the contract and $28 million in projected overspending in other parts of the school budget.
The funding package delivers exactly what Gandhi had insisted upon in D.C. Council testimony and private deliberations with Rhee and Fenty before he would certify the pact as fiscally sound: a contract funded exclusively by public funds available without condition.